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Redevelopment Projects stalled in Mumbai

Last updated: January 3 2019
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  • Redevelopment Projects stalled in Mumbai

    Just heard from someone in my society (I live overseas) that apparently there are a few redevelopment projects in Khar West, Mumbai, that have not been completed on time and building work has basically stopped.

    Is this true? Any idea which projects and who the developers are? Is this a problem spread across Mumbai?

    Last edited January 3 2019, 01:49 PM.
  • #2

    #2

    Re : Redevelopment Projects stalled in Mumbai

    Originally posted by Kharkar View Post
    Just heard from someone in my society (I live overseas) that apparently there are a few redevelopment projects in Khar West, Mumbai, that have not been completed on time and building work has basically stopped.

    Is this true? Any idea which projects and who the developers are? Is this a problem spread across Mumbai?
    There r lots, basically it's bcoz of change in DCR rules (free balcony etc and increase in premium/approval cost etc) and slow market sales and stagnant price...

    To a extent bcoz of society greed as well, as societies went with best offer not the best developer...

    Greed kills....
    Last edited January 3 2019, 01:50 PM.

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    • Kharkar
      Kharkar commented
      Editing a comment
      Yes, greed. Any idea how many projects are facing problems. Am trying to google but can't find any thing.
  • #3

    #3

    Re : Redevelopment Projects stalled in Mumbai

    Could you post details of these projects?

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